KB Home's Presentation at Credit Suisse First Boston's 2002 Equity/Fixed Income Derivatives Housing Conference to be Broadcast Live

Business Wire, March 22, 2002

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 22, 2002

KB Home's (NYSE:KBH) Chairman and Chief Executive Officer Bruce Karatz will speak at Credit Suisse First Boston's 2002 Equity/Fixed Income Derivatives Housing Conference on Monday, March 25, 2002 at 10:00 a.m. ET. The presentation will be broadcast live on the Internet.

To listen to the live broadcast go to the Investor Relations section of the KB Home Web site at www.kbhome.com and select the live web broadcast icon. The webcast will be available for replay within 24 hours of the live presentation through April 24, 2002.

KB Home is one of America's largest homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2001, the Company delivered homes to 24,868 families in the United States and France. It also operates a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit the Company's Web site at www.kbhome.com.

Except for the historical information contained herein, certain matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including any statements concerning future financial performance, business and prospects, and future Company actions and their expected results. These forward-looking statements are subject to risks, uncertainties and assumptions including, but not limited to, the continued impact of terrorist activities and U.S. response, accelerating recessionary trends and other adverse changes in general economic conditions, material prices, labor costs, interest rates, the secondary market for loans, consumer confidence, competition, currency exchange rates (insofar as they affect the Company's operations in France), environmental factors, government regulations affecting the Company's operations, the availability and cost of land in desirable areas, unanticipated violations of Company policy, unanticipated legal proceedings, and conditions in the capital, credit and homebuilding markets. See the Company's Annual Report on Form 10-K and its Annual Report to Shareholders for the year ended November 30, 2000 and its other filings for a further discussion of these and other risks and uncertainties applicable to the Company's business.